0001127602-20-011552.txt : 20200319 0001127602-20-011552.hdr.sgml : 20200319 20200319191938 ACCESSION NUMBER: 0001127602-20-011552 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200317 FILED AS OF DATE: 20200319 DATE AS OF CHANGE: 20200319 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Chang Andrew S CENTRAL INDEX KEY: 0001468932 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34416 FILM NUMBER: 20729862 MAIL ADDRESS: STREET 1: C/O PENNYMAC, 6101 CONDOR DRIVE STREET 2: UPPER LEVEL CITY: MOORPARK STATE: CA ZIP: 93021 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PennyMac Mortgage Investment Trust CENTRAL INDEX KEY: 0001464423 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 270186273 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: (818) 224-7442 MAIL ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2020-03-17 0001464423 PennyMac Mortgage Investment Trust PMT 0001468932 Chang Andrew S C/O PENNYMAC MORTGAGE INVESTMENT TRUST 3043 TOWNSGATE ROAD WESTLAKE VILLAGE CA 91361 1 Chief Financial Officer Common Shares of Beneficial Interest 2020-03-17 4 M 0 4035 0 A 94367 D Common Shares of Beneficial Interest 2020-03-17 4 M 0 3900 0 A 98267 D Common Shares of Beneficial Interest 2020-03-17 4 M 0 3348 0 A 101615 D Common Shares of Beneficial Interest 2020-03-17 4 F 0 2001 10.88 D 99614 D Common Shares of Beneficial Interest 2020-03-17 4 F 0 1934 10.88 D 97680 D Common Shares of Beneficial Interest 2020-03-17 4 F 0 1660 10.88 D 96020 D Performance-Based Restricted Share Units 0 2020-03-17 4 A 0 4035 0 A Common Shares of Beneficial Interest 4035 4035 D Performance-Based Restricted Share Units 0 2020-03-17 4 M 0 4035 0 D Common Shares of Beneficial Interest 4035 0 D Performance-Based Restricted Share Units 0 2020-03-17 4 A 0 3900 0 A Common Shares of Beneficial Interest 3900 3900 D Performance-Based Restricted Share Units 0 2020-03-17 4 M 0 3900 0 D Common Shares of Beneficial Interest 3900 0 D Performance-Based Restricted Share Units 0 2020-03-17 4 A 0 3348 0 A Common Shares of Beneficial Interest 3348 3348 D Performance-Based Restricted Share Units 0 2020-03-17 4 M 0 3348 0 D Common Shares of Beneficial Interest 3348 0 D This performance-based restricted share unit (PSU) award was granted to the Reporting Person on February 23, 2017 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2017, 2018 and 2019. The PSU vested as to one-third on March 17, 2020 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2019 fiscal year was determined based on the Issuer's return on equity (ROE) of 12.02% for the period of January 1, 2019 through December 31, 2019 as measured against ROE targets established at the time of grant. The payout percentage for the award based on ROE achievement was 150%. The reported amount consists of 10,988 restricted share units and 83,379 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting. This performance-based restricted share unit (PSU) award was granted to the Reporting Person on March 12, 2018 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2018, 2019 and 2020. The PSU vested as to one-third on March 17, 2020 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2019 fiscal year was determined based on the Issuer's return on equity (ROE) of 12.02% for the period of January 1, 2019 through December 31, 2019 as measured against ROE targets established at the time of grant. The payout percentage for the award based on ROE achievement was 150%. The reported amount consists of 10,988 restricted share units and 87,279 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting. This performance-based restricted share unit (PSU) award was granted to the Reporting Person on February 12, 2019 and may vest in three equal installments subject to the satisfaction of certain performance based criteria for each of the fiscal years ending 2019, 2020 and 2021. The PSU vested as to one-third on March 17, 2020 and the payout of common shares of beneficial interest pursuant to the PSU award for the 2019 fiscal year was determined based on the Issuer's return on equity (ROE) of 12.02% for the period of January 1, 2019 through December 31, 2019 as measured against ROE targets established at the time of grant. The payout percentage for the award based on ROE achievement was 150%. The reported amount consists of 10,988 restricted share units and 90,627 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting. Represents shares withheld for taxes upon vesting of performance-based restricted share units granted on February 23, 2017. The reported amount consists of 10,988 restricted share units and 88,626 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting. Represents shares withheld for taxes upon vesting of performance-based restricted share units granted on March 12, 2018. The reported amount consists of 10,988 restricted share units and 86,692 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting. Represents shares withheld for taxes upon vesting of performance-based restricted share units granted on February 12, 2019. The reported amount consists of 10,988 restricted share units and 85,032 common shares of beneficial interest. The restricted share units are to be settled in an equal number of common shares of beneficial interest upon vesting. /s/ Kisha Parker, attorney-in-fact for Mr. Chang 2020-03-19